Liquefied natural gas spot cargo prices for China, Japan and South Korea remained high in the $24-$25 per million British thermal units band along with European wholesale natural gas prices on supply concerns in the European Union and the UK that preceded the current Russia-Ukraine tensions.
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) reported a more than 20 percent drop in revenues in 2021 and net income was down over 32 percent as contracts for 27 newbuilds and a substantial order book failed to boost the bottom line because of timings.
The US Department of Energy published its latest liquefied natural gas monthly export data showing prices for the six plants and with the United Kingdom, Turkey, France and Spain being among the top five monthly destinations with South Korea in the month and with the UK overtaking India in the…
Free ReadJapanese liquefied natural gas imports tumbled 15.8 percent last month and cargoes from Russia surpassed those from the Middle East while shipments from US export plants dropped. Japanese LNG imports in January 2022 amounted to 6.78 million tonnes, just under 100 cargoes, compared with 8.06MT, or 118 shipments, in January…
MISC Group, the Malaysian shipping and engineering company with 32 LNG carriers in its operations and six ethane carriers, posted an increase in annual revenues and LNG shipping earnings rose.
Woodside Petroleum, the operator of the North West Shelf plant and Pluto LNG in Western Australia, reported full-year net profits of US$1.98 billion versus a loss of US$4.28Bln in the previous year and two major liquefaction plant maintenance turnaround are scheduled for 2022.
Royal Vopak, the Netherlands-based global storage company with four stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, reported a 7 percent increase in earnings to €827 million ($940M) from €780M in the previous year as soft business conditions persisted in energy storage.
Free ReadNovatek, the Russian natural gas company and operator of Yamal LNG and the developer of the Arctic LNG II project, reported a more than six-fold rise in annual net profits as global prices soared and storage levels dropped. The Moscow-based company posted 432.9 billion Russian roubles ($5.7 billion) of profits…
Flex LNG, the shipping company with a fleet of 13 carriers, achieved charter equivalent rates of almost $96,000 per day in the fourth quarter to help reach record revenues and net income.
Australia shipped fewer liquefied natural gas cargoes in January than it did in the previous month with demand ebbing in North Asia as inventories grew and spot cargo prices increased, though the rise of European values did not attract any Australian shipments.